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Under the Triple Lock, the state pension will rise by even more than expected, the Department for Work and Pensions anticipates. With the latest wage growth figures revealed, state pensioners stand to gain hundreds more a year.

But the state pension paid to basic claimants - so those born before 1951 if they're a man and before 1953 if they're a woman - will be a two-tier system.

Basic payments will be roughly £56 lower a week - meaning older retirees will lose £224 across a four-week pay period, totally over $2k a year, according to personal finance experts today.

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One pensioner fumed: "Everyone pay 20% tax on their private pensions. Now they will be paying even more tax."

A second said:

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